Mastercard has completed its first live AI agent-initiated payment transaction in Singapore with DBS and UOB.

In the demonstration, an AI agent booked a ride to Singapore Changi Airport through global mobility provider hoppa using CardInfoLink’s AI agent, which connects to hoppa’s taxi and airport limousine network.

The payment was processed using Mastercard’s Agent Pay framework.

Each transaction uses a unique agentic token and Mastercard Payment Passkeys to capture consent and verify the payment.

Mastercard said the test shows how AI agents could complete everyday tasks such as transport and lifestyle bookings while maintaining strong authentication and security safeguards.

Minsook Cho, Country Manager for Singapore at Mastercard, said,

“As the nation advances its AI agenda, Mastercard’s first live agentic transaction shows how innovation can be brought into everyday services responsibly and securely with Agent Pay.

Together with likeminded partners like DBS and UOB, Mastercard is supporting the vision for AI‑powered commerce by building trusted foundations.”

Mastercard said it plans to expand authenticated agentic transactions into sectors including transportation, travel, entertainment and retail.

The development comes as the company prepares to establish a regional AI Center of Excellence in Singapore, which it said will become its largest innovation space in the region and support both innovation and governance for AI-enabled transactions.

The company is also deploying dedicated agentic commerce teams across Asia Pacific to support financial institutions and merchants adopting AI-led payment experiences.

The Singapore deployment follows earlier authenticated agentic transactions completed by Mastercard in Australia, New Zealand and India.

Featured image: Edited by Fintech News Singapore, based on image by mkmult via Freepik